USD/JPY Analysis-June 09,2011
Thursday, 09 June 2011 05:00
Forex USD/JPY Intraday Analysis - June 9, 2011: Testing Level 80.45
Yesterday: Open 80.12 High 80.29 Low 79.70 79.93 Close
Yesterday Yen movement seen six times to test the first support level at 79.77. Next yen started to rebound until the daily closing level in 79.93.
Currently yen looks still bullish.
The focus of today's economic data for USD / JPY is:
1. JPY Household Confidence at 12:00 hours GMT
2. JPY Prelim Machine Tool Orders y/y in at 13:00 pm
When the ride continues through the trend line diagoanal then prices likely headed to the 80.45 resistance level.
We recommend that if it declined the opportunity berkelanjut 79.77 and 79.49 support level.
Prices shown on the graph H1 line MA05 and MA10 in bullish conditions.
While the Stochastic indicator indicating a bullish opportunity is limited.